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CSPAN
Feb 5, 2013 5:00pm EST
programs, especially when the economy's doing really well and there's a lot of jobs available in the country, they fill up pretty quickly. visas for high-skill immigrants , the tech really wants that, wants more of those. you also have the h-2-b visas for foreign workers kind of for nonagricultural seasonal businesses. and you also have the h-2-a visa program which is mostly for agricultural workers. all these visa programs either have an arbitrary cap or are not being used that widely. basically that what businesses is want is they want to adjust these programs to the market so they can kind of rise and fall with demand. >> we thank you for your time today. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> if you go to most american hivetry textbooks i would also make you a bet, if you go back to the textbooks you had in high high school, you can take me up on my bet, but my bet with you is that in your american history textbooks in high school, if you go to the index, you will find no mention of eugenics. my further
FOX Business
Feb 5, 2013 6:00pm EST
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, host
CSPAN
Feb 5, 2013 12:00pm EST
in a period where we're concerned, well, how did he do that? the economy grew a lot. maybe more than 3% sometimes. unemployment was below 5% the budget was balanced due to his own parsimony. how did i manage to make the budget go lower? how did that help the economy? a lot pause he got the government out of the way of the economy. >> amity shlaes tracings the life of the 30th president of the united states, in coolidge on c-span's q&a. >> wisconsin governor scott walker delivered his state of the state address in madison recently where he called on state lawmakers to put forward, a quote, environmentally sound mining bill. he also pushed for a income tax cult for the middle class and job creation. the governor said he was doubling down on his efforts to meet his 2010 campaign promise to create 250,000 private sector jobs over the years. this is about half an hour. [applause] >> at this time, at this time it is my privilege to introduce our friend, the governor of the state of wisconsin, scott walker. [cheers and applause] >> thank you. thank you. thank you. [applause] thank you.
FOX News
Feb 5, 2013 1:00pm PST
economy is getting better. got some good earnings reports from some of the big companies. no matter what they want you do believe -- for today, at least -- the economy is looking up. i'm shepard smith. see you back here tonight on fox report. you'll be all right. [screaming] >> well, like the sequel to a 1950s horror film, only is this fly going to stick? welcome. i'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, yet we've double spending. it's a spending problem. the president is not wi
FOX News
Feb 5, 2013 10:00am PST
quarter of the year 2012, the economy actually shrank as defense contractors -- or in part because defense contractors said you know he what? the axe is about to fall. get ready for this. we're going to pull back now. remember, we spend more than $900 billion a year on the defense department, on the pentagon, and so these contractors have a lot to say about the overall size of our economy. the president having seen that is going to say look. we have these cuts that we agreed to go into place, but the economy can't handle it right now, so let's kick the can a little bit and do some of these same kinds of cuts, and they call them cuts, but they're not really cuts. sometimes they're reductions to future increases, sometimes they're taking into account things like not fighting in the iraq war any more, and accounting gimmickry to get to the next thing, and then we'll fall off that cliff when we get to it. >> we understand the president is going to highlight some bad things that will happen if this doesn't get resolved, things like kids getting kicked out of head start, people getting l
CNBC
Feb 5, 2013 6:00am EST
back and we're seeing the managed triumph of an economy. is that your take? >> pretty clear to me. through wrought the whole concerns about china, which, of course, went on and off all the way through until the late autumn, i was very skeptical about that and i thought we were managing things pretty well. so i was and i remain very relaxed and we'll get the next sets of chinese data in the next week or so. and i'm pretty sure it will show further evidence of china bouncing a bit. .more importantly, that china is slowly adjusting to an economy not so dependent on exports or government investment. and that's what they need and that's what we all want from them. and that is pretty important. >> jim, is it your thought that people should at this point just kind of hold off and pull back and wait and see what happens over the next several months instead of sell in may and go away, is this sell in february and go away? >>. i prefer the sell in may and go away. it has a remarkable rhythm to it. and the fact that a couple of other things successfully passed in january, it's the first five
WETA
Feb 5, 2013 6:30pm EST
, and the worry is they could hit the u.s. economy hard. as darren gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the government is furloughed, which might take about a week
CSPAN
Feb 5, 2013 1:00pm EST
does not go far enough to bring down the debt. not just as a share of economy, but overall. you're right. it doesn't bring down the debt. at all. mr. speaker, that's the conflict that we face here as a people, as a country, not as republicans, not as democrats, but as a people. on the one hand, what our politicians are saying is we're going to use the money to pay down our debt. but what the reality is is that proposers are coming out today that never, ever, ever pay down a penny of debt. now, mr. speaker, if you want to see that for yourself, you can look. the president's budget each year is posted online, on the o.m.b. website. the first one he submitted, i hold the cover page here, was called a new era of responsibility. it was the first budget that the president ever submitted. but as i go through that budget, mr. speaker, what i see is projects -- proximates for 2020, for 20 -- projections for 2020, for 2030, for 2040, for 260 and for 2080 -- 20 of 6 -- 2060 and for 2080. you hear that, you have children. 2020, 2030, 2040, 2060 and 2080. and in each one of those years, accordi
FOX Business
Feb 5, 2013 4:00pm EST
for the economy. david: we will see what happens. a dysfunctional bureaucracy. how about a little bit of help at the gas pump. the governor is looking to completely do away with the state capital. no state has ever done that before. he wants to get rid of his. with us to tell us why coming up later. liz: adam shapiro, how did they do? adam: earnings per share is a miss. revenue came in 699.2 million, the street expecting 698.89 million. one of the things they are saying in the report, they see sales being flat to low single digits, same-store restaurant sales excluding additional prices. last quarter talk about the need to raise prices but they are excluding that going forward into 2013. liz: i see an additional $100 million to repurchase shares of share. david: let's get some details on what is happening with these numbers as soon as they come in. and our market panel. managing director. larry, i want to go to you first come it looks like in between news after hours, the stock not being affected at all. >> not be affected at all. it is a very good by long-term. they're getting in
FOX Business
Feb 4, 2013 11:00pm EST
. we're going to knock the wheels out of the motor important part most important part of our economy. >> i am part of that 1%, i am not touting anything to my friends, we needed to cut $4 trillion to get our fiscal responsibility in order, it is not going to happen with all spending, you need taxes to be parts. charles: i want to say, what is more important, growing the economy? or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money comes from revenues, 25%, spending, the gap is too big, we need to narrow down, where it was 3%, you need revenues up, you need spending down, both have to happen together. charles: it does not fel like, that the president got a huge victory, a big time tax hike. very little spending cut. and th
FOX News
Feb 5, 2013 5:00pm EST
the entire economy should be in jeopardy because folks in washington couldn't come together. >> all right, the cbo estimated today in the fiscal 2013 budget $850 billion will be the deficit and we looked at the charts. people will argue, probably the man here, that it's going to be down in the long term because of increased revenues, economic growth, sequester, higher taxes. but kimberly, if you look to 2013, it shoots back up. how can the president hold a press conference when he talks about cuts using the word smaller. >> there's so much shrinkage. the problem is the middle class is the working poor. that's what's the norm. people are so used to it now they don't realize it should be fixed. we could focus on cutting back on spending, thinking about how to stimulate jobs and the economy. we're so used to the stagnation, it's become acceptable and people aren't critical enough to say there's a better way to do this and a smarter financial way to make sense. >> is this the new normal? before we get to that, the white house scrambled after the cbo announcement to cobble the press conf
SFGTV2
Feb 4, 2013 11:30pm PST
innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in computing called agile. we look for more ability and the possibility to work with us, iterate in the process, rather than what we often see as we call the waterfall, take-it-or- leave-it. flexibility and agility is what is most important. >> mayor lee? >> i have always thought of our city as being the gateway to the rest of the world. i have often talked, with companies, i want to be with you when you turn the corner. we want to be the city that treats international markets for your products. i do not know if you know this but we have 70 counsel general offices in san francisco, the highest number outside of washington, d.c. we want to make sure that our companies know we are not just in it for san francisco, the region. we have to tap international markets. they love hearing that. some of the co
CBS
Feb 5, 2013 6:00am EST
massive federal budget cuts looming, the local economy has no choice but to ajetion. >> but to adjust. >> sequestration, federal cutbacks, just the threat of that has slowed our economy. >> reporter: that's the big picture. the little picture hits you right in the paycheck leaving local economy watcher dr. steven fuller of george mason crunching the numbers for your bank account. >> we're down about 8,000 jobs from the peak which was in mid- 2010. average salaries in the washington area went down first time. >> reporter: long considered one of the best economies in the country, the washington area is still -- [indiscernible] -- but it's at risk of losing its edge. the transition could change the region's spending habits. >> we won't be able to support so many white table restaurants or won't be able to support as high end a housing market if this continues for many years. we're going through a major change in the economy. >> reporter: even if congress stops the budget cuts, the local economy could be in for a rougher ride this year since we're taking home less money. you can blame the
FOX News
Feb 5, 2013 6:00pm EST
immigration to law abiding companies get workers they need in the 1st century economy and create a path to citizenship to bring the undocumented immigrants this country out of the shadows and into the full light of the american dream. >> some republicans say it's important to emphasize border security and be fair to 5 million people hoping to legally go to america. >> some waiting an average of seven years because the bureaucratic red tape. >> after progressives led with president obama today, the status quo doesn't work. >> we were talking about trying to fix a broken system. a system that doesn't work for anybody in the country. we were talking about common sense comprehensive reform. >> fixing it can be so tricky a bipartisan group has a meeting secretly to hammer out a deal. sources say it's expected they'll roll out a more detailed plan than the senate group did by next week. >>> f.b.i. data indicate a dropoff in federal background checks for gun sales in january after a surge at the end of last year. the ap reports the system processed less than 2.5 million checks last month, down
PBS
Feb 5, 2013 1:00am PST
inflation. specifically, they worry the federal reserve's efforts to boost the economy will devalue the dollar, so they want to own alternative currencies. but silver doesn't just benefit from safe-haven buying, it's also an industrial commodity. it's used in automobile manufacturing. and many automakers are forecasting increased global demand for new cars and trucks. the big question, of course, is where silver heads from here. from 2001 to 2010, silver moved from about $4 an ounce to $20. but in 2011, prices peaked at nearly $50, but then pulled back. according to a recent survey, precious metals experts think silver will average around 40 dollars an ounce this year, a gain of over 30% from 2012. so what could derail the silver rally? >> silver has been kind of trading between this 28 and 32 level for some time now. and, i think if you find that there is a raise in interest rates to curb inflation, i think you are going to find that's very bearish for silver. >> reporter: another risk is a big rally in the stock market. if investors get more comfortable with risk, they may bail out of
CBS
Feb 4, 2013 7:00pm EST
inflation. specifically, they worry the federal reserve's efforts to boost the economy will devalue the dollar, so they want to own alternative currencies. but silver doesn't just benefit from safe-haven buying, it's also an industrial commodity. it's used in automobile manufacturing. and many automakers are forecasting increased global demand for new cars and trucks. the big question, of course, is where silver heads from here. from 2001 to 2010, silver moved from about $4 an ounce to $20. but in 2011, prices peaked at nearly $50, but then pulled back. according to a recent survey, precious metals experts think silver will average around 40 dollars an ounce this year, a gain of over 30% from 2012. so what could derail the silver rally? >> silver has been kind of trading between this 28 and 32 level for some time now. and, i think if you find that there is a raise in interest rates to curb inflation, i think you are going to find that's very bearish for silver. >> reporter: another risk is a big rally in the stock market. if investors get more comfortable with risk, they may bail ou
CNBC
Feb 5, 2013 4:00pm EST
proxy for the overall economy. find out how the dow and your investments will be impact the by that release and after the numbers we eke talk. >>> plus, president obama is asking congress to come up and new tax revenues in order to help the deficit. we'll have a conversation with represent dave camp coming up later in the program. stay with us. m charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5411. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. an
CNBC
Feb 5, 2013 1:00pm EST
inflation, i'm not sure the economy's long-term growth at 7%. >> we're not growing at 7%. it makes sense stock market grows 7% a year, that's within the range of what it's done. i think it's great to say 10 years out this is where it's going to be. investing is very dynamic, not static. >> remember, ron is one of the classic long-term buys, long-term buy, that's his whole attitude. don't expect him to come out and give short-term recommendations. >> if you're bullish on the market and long-term investor, let's hope he's right. >> i hope he's right. >> we'll see you later. ty, up to you. >> thank you, sue. it is official what we've been reporting for days. dell is going to go private in a $24.4 billion deal. there's ts to cross and is to do the. michael dell and his partner, private equity silver lake paying $13.41, microsoft chipping in long $2 billion to the venture. what does this mean for the pc? is it the death knell of the pc? john with that story. >> reporter: tyler, dell was the darling tech stock of the '90s, defining stock of the era with the announcement of the $24.4 billion to
PBS
Feb 4, 2013 7:00pm PST
is one of the main engines for the taiwanese economy. companies focus on speed. this manufacturer is trying to develop a digital camera, originally created in japan. now, taiwanese firms have gained the know-how to make those products on consignment. the facility allows mass production. they also need to be flexible to meet the market needs of their clients. >> translator: the top priority is speed. speed can help develop technology, and it can also help us take the lead in the market. >> translator: to speed up work, this company delegates more authority to project managers. >> translator: we are already negotiating inspection methods with a japanese firm. the decision will be made soon. >> reporter: the maker plans to regain full-fledged production in the first half of this year. >> translator: we'll shorten the time to get the parts we need by making them inside our group. this should enable us to manufacture products two to four months faster than japanese makers. >> reporter: authorities at such firms are pressing a priority on speed. this research institute acquired many new pr
CSPAN
Feb 5, 2013 5:00pm EST
would contribute the most were to the fund and that is needed to rebuild or build the economy in northern mali booknotes on the ground algeria as we believe it is going to happen. >> i think that ricardo -- the necessity of engaging them i think that in engaging them we have to also be looking at it with a very clear lines there can be no solution without them when. on the other hand, pursuing that engagement does not blind us to the fact they've tried to have it both ways for a long time and that is an old habit that is quite to be difficult for some of them to break so that is going to be the tension. the analogies are imperfect but if we end up in a counter insurgency will the scenario we have here a pakistan to afghanistan that both part of the solution but it also has elements of a part of the problem and how we resolve that is going to be critical who. >> i would say there is one more element to the southern part of algeria that we need to kind of keep in mind. them to get an algerian passport. all they had to do is ask for it and there is a free flow of trade with going th
PBS
Feb 5, 2013 12:00am PST
are clear. they understand in this difficult economy you do not cut social security or disability programs. you do not head -- you do not cut medicare or medicaid. if the president were to go forward and say, we are not going to balance the budget on the backs of the most vulnerable, but we are going to look for hundreds of billions of dollars in revenue from those companies that are stashing their money in the cayman islands or bermuda or other tax havens. we are going to take on hard look at all corporate loopholes. we are going to look at the absurdity of continuing to give tax breaks and subsidies to the largest oil companies, who are enormously profitable. the bottom line is the president should be doing -- it is not hard politics. it is what the american people want. they want jobs. they want infrastructure. people want, in terms of deficit reduction, large corporate. these guys on wall street making huge amounts of money. the american people are pretty clear across the political spectrum that they want those to help us through deficit reduction, not elderly people, not chil
FOX News
Feb 4, 2013 9:00pm PST
the lack of jobs and 50 million americans on food stamps? we learned the economy was shrinking and unemployment is back up to 7.9% and all this news is pouring out. here is what the president is addressing. >> i am here today because the time has come for common sense, comprehensive immigration reform. >> my attitude that gays and lesbians should have access and opportunity the same way everybody else does in every institution and walk of life. >> the only way we can reduce gun violence in this country is if the american people decide if it is important. if parents and teachers, police officers and pastors, hunters and sportsman, americans of every background stand up and say it's got to be different. >> sean: with reaction, is ann coulter. did you see the picture of his skeet shooting. first of all when you skeet shooting you shoot up. number one he is not holding it right. >> the great constitutional law scholar second amendment the fishermaners of the constitution really like skeet shooting. that is not what it is about. wait until the photos of him taking birth control pills fi
MSNBC
Feb 5, 2013 6:00pm EST
today demanding they move quickly to stop devastating budget cuts that could damage the economy and throw hundreds of thousands of people out of work. these are automatic cuts the congress agreed to. and they're going to go into effect in three weeks unless lawmakers act now. the president is fighting the republicans cut, cut, cut obsession. >> we can't just cut our way to prosperity. deep cuts to things like education and training, energy and national security will cost us jobs. and it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks out there still looking for work. our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> this self-inflicted wound would include massive cuts to virtually every government program. from medicare and housing to head start and food aid for children. the president wants republicans to delay those cuts through a balanced approach that would force corporations and the wealthy to give up
CNBC
Feb 5, 2013 2:00pm EST
broader american economy. here is the president. >> if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> what we're seeing here, brian, is a continued transition from a big bang approach to budget negotiations and the potential threat to the economy toward lower stakes, lower pressure negotiations over smaller deals. they did a small deal to avoid the fiscal cliff. congress, the house republicans stepped up and put off the rise in the debt limit or the reaching of the debt limit for a couple of months to mid may. now the president propose to deescalate the fight p by pushing it into the future. if that's successful, keep making progress in increments that could have a positive effect. on the other hand if it ultimately results in avoidi
SFGTV2
Feb 5, 2013 10:00am PST
the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing the world with tools to live in the chewing prin
SFGTV2
Feb 4, 2013 11:00pm PST
bay area innovation to the economy today. as you look at the panel, talking about the silicon valley, we have the mayor of san francisco. it will come into perspective, that when you have a giant like ibm anchor here in the valley, you are seeing in between companies like google and apple and facebook with incredible growth. in san francisco, mayor lee has welcomed to the fold in twitter, zynga, companies that are into cloud computing, hiring lots of people that not only want to live and work in the valley but recognize san francisco as being part of the valley. we are, indeed, fortunate, from san jose to san francisco, to be part of the innovation economy. we are finally seeing once again california's innovation is leading us out of the last three years of recession. i do not know about you but i am pretty tired of the recession. i made a statement several years ago that it was about time for an adjustment to the economy, things were too expensive, overheated. two years after that, i regretted making that comment. it was great to hear jim say when you look at education, you l
NBC
Feb 5, 2013 6:30pm EST
that started the feltdown of the u.s. economy, a lot of americans have been waiting to see who would be held accountable. who would pay a price for what was done to our economy? today, the justice department announced it's going after one player, the huge credit rating agency s&p. it's a big case that could result in a big fine, but some are also wondering if revenge isn't a motive here, because the s&p, after all, lowered the u.s. credit rating after the fiscal cliff debacle. our report on all of it tonight from our justice correspondent, pete williams. >> for $16,000 -- >> reporter: the justice department and a dozen states today accused the world's largest credit rating agency, standard & poor's, or s&p, of endorsing investments that it knew were shaky, playing a direct role in the housing collapse. >> s&p was a trigger for the destruction of our economy. while big banks and lenders built mortgage-backed funds it was s&p's faulty ratings that detonated them. >> reporter: the lawsuits claim that for at least three years s&p gave its highest rating, aaa to financial packages issued
FOX Business
Feb 5, 2013 12:00am EST
. the challenge is, it is real easy to say the oh, the fed is destroying the economy. would you rather they were raising interest rates? >> yes. >> economy would be falling off a cliff. >> you are insan i'm sorry, there is no way that would make for productive economy. >> no, no. >> the one thing that would fix things here -- >> what we have is not productive economy. this is inflationary bubble. melissa: gohead. >> one thing fix this getting into economic growth scenario we don't have. if you start to tighten up interest rates we're never going to get there. melissa: pete-- >> we'll never get there if we keep interest rates low. melissa: aren't they same amount of stupid, tightening interest rates and raising taxes, both strike me as terrible ideas. >> i don't want to raise taxes. we want to slash government spending. we want to liquidate bad debt. let prices readjust. we need to save, produce, we need to export. we can't keep borrowing money to consume imports. that is how we destroyed our economy. >> our savings is at one of the highest levels in a decade. >> but not economic
CNBC
Feb 4, 2013 7:00pm EST
market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the super bowl yesterday which could be the real reason the markets sold off today. another big tax hike on investors. here now is dave goldman from fixed income research at bank of america, president of macro strategy and don luskin chief investment officer at. you get all wound up in the europeans thing, the prime minister may have been on the take for construction money. what do i know? why do i care about that? that doesn't mean anything to me. >> i agree. spain is not a
Current
Feb 5, 2013 3:00pm PST
economy. but despite the evidence standard & poor's denies any wrongdoing. they said, a d.o.j. lawsuit would be buyerly without factual or legal merit. now is it suggested that not only did they do anything wrong but the investigation might be retaliation for s & p's down grading of the u.s. credit rating. they believe this is retaliation. the company floated that idea, the lawyer did on cnbc today. >> is this political pay back to down grade u.s. debt. your clients believe this is some how politically motivated? >> i don't think anyone knows. is it true that after the down grade the intensity of this investigation significantly increased? yeah, i'm sure the government would say that it had nothing to do with it. >> but it did increase after. >> yes yes. >> jennifer: well, these charges that the d.o.j. filed were civil so no one would do any jail time but the u.s. is seeking $5 billion from standard & poor's, and the investigation is already taking it's toll on the company's stock. the company stock tumbled the most it had in 25 years after s & p announced it was expecting the lawsuit
FOX Business
Feb 5, 2013 1:00pm EST
recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. we have seen signs of this progress over the last several weeks. home prices continue to climb, car sales continue to be at a five-year high, manufacturing has been strong and we have created more than 6 million jobs in the last 35 months. we have also seen the affects of political to the function. the drawnout process for resolving the fiscal cliff, hurt consumer confidence. we have been reminded that while it is critical for us to cut wasteful spending, we cannot just cut our way to prosperity. deep, indiscriminate cuts to things like education, training, energy and national security will cost us jobs it will slow down our recovery. it is not the right thing to do for the economy, it is not the right thing for folks that are out there still looking for work. the good news is this does not have to happen. for all the drama and disagreements we have had over the last few years, democrats and republicans have been able to come together and cut the deficit b
CNBC
Feb 5, 2013 4:00am EST
perhaps more difficult for him to ask for insensitive measures to stimulate the economy at the european level. there's a trend on twitter tweeting for the -- the contractions for rajoy reject and that's on the right very well the situation here in spain. since the case, the corruption case was reported by the newspaper a few days ago. rajoy lost six points in the opinion polls in approval ratings. he is now amid 24%. that being said, the leader, the socialist leader of the opposition remains in terms of rating. so even if there's a lot of pressure on rajoy, there's now not any alternative in shape. that's the reason why the worry in the market. that's the reason for the decline today on the ibex 35. >> stephane, thanks for that. the bond, is it driven by political uncertainty, of course, but the pmi is up this morning for spain, up 47. but the employment pmi, down to 42 and that's back from the low since this time last year. >> i don't like the numbers. if you'd asked me six months ago, i would have probably said possibility of spanish growth falling off the cliff, low. 10%, maybe. now
MSNBC
Feb 5, 2013 10:00am EST
that low-end immigration is overall bad for the economy. it's good. it's a net -- it's a net positive for the economy. all kinds of immigration. because those folks that are coming in. particularly if they're on a path to legalization, are not doing the same task. they're not going for the same jobs as, say, an american with a high school degree. ultimately, this raises all those, and it's something that the dynamism of our country is based upon. >> and at the same time, the president, as he's done successfully in the past, he's got this idea to win over the public. let me play for you a little part of that big speech he gave in las vegas. >> remember that this is not just a debate about policy. it's about people. it's about men and women. and young people, who want nothing more than the chance to earn their way into the american story. >> there's a new gallup poll out today, chris. he has a 70% approval rating with hispanics. we know they voted for him by 71%. both sides are doing various things to try to court that vote. the republicans got a real wake-up call in this last election.
MSNBC
Feb 5, 2013 11:00am PST
energy not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> our first read team notes that while republicans want to solely talk about the budget the white house does not want to be bogged down on one issue that in the past cost hem political capital. quote, the obama white house wants to overled wa's political circuits to see what it can get through congress without letting congress define what issues get addressed. joining us now kelly o'donnell. our first read team noted the p talking about guns, immigration and today addressing the issue of the sequester. >> reporter: well, there is that sprint in the first year of his second term to try to get as much done as possible. and urgency on all these issues for different reasons. and when it comes to the sequester, the automatic budget cuts, kind of an odd term for what's meant to be automatic sweeping cuts across the board for the departments with a fe
ABC
Feb 5, 2013 5:30pm EST
city's economy is growing but that's small comfort for people sitting in bumper-to-bumper traffic. >> since you're going to be in the traffic get ready to fill up. the price of a gallon of gas is up and rising. we have hit a record winter high with prices up an average of 18 cents across the country. some of the rise could be attributed to oil prices. this is also a time of the year when refineries tend to take care some of their maintenance issues. >> a lot of them are doing more maintenance, so they're not at full capacity. that reduces supply. >> we're working for you. remember, if you're looking for the cheapest gas prices, which ones -- which looks like the costco. if you click on the gas prices tab, it will help upfind the prices that are cheapest in your area. >>> it has been five years since the housing market collapsed. now the government is kicking out one of its most ambitious efforts to assign blai. today attorney general are rick hold per announcessed a lawsuit against standard and poors and mcgraw hill. >> reporter: they are being blamed for pushing the u.s. economy
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